Wed.Mar 12, 2025

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Corporate Buyers Sign Deals With Texas Solar Energy Projects

POWER Magazine

Technology company Cisco is among the groups involved in six virtual power purchase agreements (VPPAs) to secure energy from two solar power plants being developed in Texas. The post Corporate Buyers Sign Deals With Texas Solar Energy Projects appeared first on POWER Magazine.

Energy 219
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U.S. Resumes Military Aid to Ukraine

OilPrice

US military aid to Ukraine has now started moving across the border from Poland, following an agreement between US and Ukrainian officials in Saudi Arabia, according to Polish Foreign Minister Radoslaw Sikorski. Sikorski was speaking to reporters alongside his Ukrainian counterpart, Andriy Sybiha, in Warsaw, as the latter returned from the talks in Jeddah on March 12.

IT 340
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Expand Energy Drilled 5.6-Mile Lateral in the WV Utica in 5 Days

Marcellus Drilling News

Hart Energy reports that Expand Energy, formed by the combination of Chesapeake Energy and Southwestern Energy, drilled a massive 5.6-mile lateral in northern West Virginias dry-gas Uticaand it was drilled in five days with just one bit run. Expand’s Shannon Fields OHI #3H well, located in Ohio County, WV, has a 29,687-ft lateral. We always. The post Expand Energy Drilled 5.6-Mile Lateral in the WV Utica in 5 Days first appeared on Marcellus Drilling News.

Dry Gas 279
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Ukraine Could Import Large Volumes of U.S. LNG

OilPrice

Ukraine could import significant quantities of U.S. LNG via terminals in EU countries as it seeks to boost supply with domestic infrastructure damaged by Russian attacks, the head of the gas system operator told Reuters in an interview published on Wednesday. Ukraine could import at least 4 billion cubic meters of gas between April and October this year, Dmytro Lyppa, chief executive at the Gas Transmission System Operator of Ukraine (GTSOU), told Reuters.

Operator 336
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Stalinist NY Bill Would End Natural Gas for Homes and Businesses

Marcellus Drilling News

Joe Stalin was a brutal dictator in the Soviet Union (Russia) who ruled with an iron fist during the early 20th century. He established the totalitarian political system known as Stalinism, which forcibly purged society of what it saw as threats to itself and its brand of communism. We think Stalinism is an apt description. The post Stalinist NY Bill Would End Natural Gas for Homes and Businesses first appeared on Marcellus Drilling News.

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Crude Stockpiles Rise, But Gasoline and Distillates See Big Draws

OilPrice

Crude oil inventories in the United States saw an increase of 1.4 million barrels during the week ending March 7, according to new data from the U.S. Energy Information Administration released on Wednesday. Crude oil prices were trading up prior to the crude data release by the U.S. Energy Information Administration, rebounding from a slide earlier in the week, even after the American Petroleum Institute (API) reported on Tuesday a build of 4.247 million barrels in U.S. crude oil inventories ami

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PA Gov. Shapiro Continues to Push Flawed “Lightning” Energy Plan

Marcellus Drilling News

Yesterday, Pennsylvania Governor Josh Shapiro visited Voith Hydro North America (in York, PA) to announce that key components of his extremely flawed Lightning Plan will be introduced in the General Assembly in the coming weeks by sychophantic Democrats. Shapiro claims his so-called Lightning Plan is “a comprehensive, all-of-the-above energy plan to secure Pennsylvanias energy future.” The post PA Gov.

Energy 181

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Energy Vocations: Mick Gillespie has worked on the Anasuria FPSO since day one

Energy Voice

Energy Vocations is the monthly series in which Energy Voice speaks to workers who keep the UK's lights on. The post Energy Vocations: Mick Gillespie has worked on the Anasuria FPSO since day one appeared first on Energy Voice.

Energy 174
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Offline for a Decade, Libya’s Mabruk Field Restarts Production

OilPrice

Libya has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National Unity (GNU) revealed on Wednesday. Production officially restarted on Sunday at an initial rate of 5,000 barrels per day, with plans for an increase to 25,000 bpd by July. According to the Chairman of Libyas National Oil Corporation, Masoud Sulaiman, Libya plans to increase its oil output from 1.4 mb/d currently to 2 mb/d in 2028.

Field 324
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“Natural Gas Extraction” Job Paid Average Wage of $176,800 in 2024

Marcellus Drilling News

Earlier this month, the Texas Independent Producers & Royalty Owners Association (TIPRO) released the 10th edition of its State of Energy Report, offering a detailed analysis of national and state trends in oil and natural gas employment, wages and other key economic factors for ?the energy industry in 2024 (full copy below). TIPROs State of. The post Natural Gas Extraction Job Paid Average Wage of $176,800 in 2024 first appeared on Marcellus Drilling News.

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Argentina's Vaca Muerta Fuels Oil Production Surge

OilPrice

Argentinas controversial president Javier Milei, a self-described anarcho-capitalist, on taking office enacted strict austerity measures to rein in rampant triple-digit inflation, kick-start the economy and slash a massive fiscal deficit. While it is too early to tell if Milei has reversed decades of economic mismanagement there are promising signs of a miracle emerging.

Oil 320
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US Weekly Oil Data

Energy Outlook Advisors

March 12, 2025 EOA’s Main Takeaway Although changes in inventories followed historical trends, the bad weather in Texas has influenced exports and imports. Gasoline inventories are currently at a comfortable level, but refinery maintenance might lead to low levels at the start of summer. We will monitor jet fuel demand, expecting it might decline significantly due to slow economic growth and reduced government travel.

Oil 161
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India Plans Coal Trading Exchange as Domestic Supply Soars

OilPrice

Indias Coal Ministry is proposing to establish a coal trading exchange as domestic coal production jumps with the government push for higher output and sector reforms allowing private firms to operate mines. With the increased availability of domestic coal in the country, it is envisaged that there would be a paradigm shift towards a surplus coal scenario, the Coal Ministry said in a notice launching a public consultation on the creation of a coal trade exchange.

Mechanic 315
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The Quantum Sky Is Falling! Understanding the Quantum Threat to Network Security

Cisco: Oil & Gas

Demystify the potential threat that quantum computing poses to encryption and the security of the network.

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Can China Maintain Its Clean Energy Dominance?

OilPrice

Despite being the worlds biggest polluter, China is also a renewable energy superpower. Following decades of investment, China is the worlds biggest green energy producer, and its renewable energy capacity keeps on growing. The Asian giant is aiming to achieve carbon neutrality by 2060, despite continuing to be heavily reliant on oil, gas and coal. As Chinas renewable energy sector continues to expand, how long will this last until the bubble bursts?

IT 306
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How schools can stop overwhelming teachers — and support them instead

SmartBrief

Imagine a person goes to their medical doctor complaining of exhaustion, chronic headaches and stress. An effective doctor wouldn’t just prescribe bubble baths and yoga. They would look deeper, examining underlying causes to find a real solution. Yet, for years, schools have treated teacher burnout and overwhelm like a personal wellness issue instead of a system-wide crisis.

Education 135
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NextEra Looks at Permian to Double its $20 Billion Texas Investment

OilPrice

Renewable energy developer, NextEra Energy (NYSE:NEE) is considering doubling its $20B investment in Texas, with the renewable energy company currently exploring land in the Permian Basin for development, Michele Wheeler, VP of regulatory and political affairs, revealed at the CERAWeek energy conference in Houston. Projections for the Lone Star state--the biggest power producing state-- see a doubling of electricity demand by 2030.

IT 300
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Sermatec Energy wins major overseas energy storage deal

EnergyTrend

Sermatec Energy wins major overseas energy storage deal AccordingtoOfficialAmmount@gh_5d67ff58c348,onthechessboardoftheglobalenergytransition,CentralandEasternEuropeisbecomingthefocusofanewroundofgames.OnMa.

Energy 130
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Alberta Discuses Heavy Oil Sales With Large Overseas Buyer

OilPrice

Albertas Premier Danielle Smith has discussed potential overseas sales of Alberta-owned heavy oil with a global oil and petrochemical firm, the Canadian oil-producing province said this week. The potential deal with the multinational company, which Alberta didnt name, would be a first-of-its-kind transaction that would see the overseas transport and sale of about 2 million barrels per month of Government of Alberta owned heavy oil via the Alberta Petroleum Marketing Commission (APMC).

Oil 295
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U.S. House Passes Bill! DHS Banned from Purchasing Chinese Batteries, Affecting CATL, BYD, Envision Energy, EVE Energy

EnergyTrend

U.S. House Passes Bill! DHS Banned from Purchasing Chinese Batteries, Affecting CATL, BYD, Envision Energy, EVE Energy AccordingtoOfficialAmmount@chuneng365,onMarch10(localtime),theU.S.HouseofRepresentativesunanimouslypassedtwobillsrelatedtoChina.Onebillaimstorestrictt.

Energy 130
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Bolivia To Pay for Energy Imports with Crypto As Dollar Shortage Bites

OilPrice

Bolivia's state energy company YBFB will use cryptocurrency to pay for energy imports amid dollar shortages, Reuters has reported. The shortage comes alongside a fuel crisis spurred by a lack of natural gas exports, which had led to protests across the country. "From now on, these (cryptocurrency) transactions will be carried out," a YPFB spokesperson told Reuters.

Energy 281
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TotalEnergies and RWE agree one of the world’s biggest green hydrogen deals

Oil & Gas 360º

(Oil Price) –Germanys biggest utility RWE will supply green hydrogen to Frances oil and gas supermajor TotalEnergies in a 15-year deal from 2030, in one of the largest such agreements globally. RWE to supply around 30,000 metric tons of green hydrogen annually to TotalEnergies from 2030 to 2044, the German utility giant said on Wednesday. The green hydrogen from RWE will be used in TotalEnergies Leuna refinery in Germany to reduce the plants carbon emissions.

Refinery 130
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Oil Prices Rebound on Resilient Demand Signals

OilPrice

Crude oil prices inched higher after starting the week with sharp losses, amid reports of rebounding Asian imports and a weaker dollar that should stimulate stronger demand. At the time of writing Brent crude was trading at $70.05 per barrel, with West Texas Intermediate at $66.75 per barrel, as the U.S. Energy Information Administration made a considerable revision to its supply and demand outlook for this year and next, and the head of the International Energy Agency called for more investment

Oil 278
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Best Maintenance Practices for Ball Valves in High-Pressure Systems

POWER Magazine

Among the various types of valves on the market, ball valves are critical in high-pressure systems, enabling precise fluid control in industries like power generation, chemical processing, and oil and […] The post Best Maintenance Practices for Ball Valves in High-Pressure Systems appeared first on POWER Magazine.

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Hedge Funds Turn Bearish on Oil, Bullish on Natural Gas

OilPrice

Traders havent been this bearish on oil in months or so bullish on U.S. natural gas in years. The latest data on money managers positioning in the WTI and Brent crude and U.S. natural gas futures showed two contrasting trendsspeculators are betting that oil prices would remain low or go even lower while increasing the bets that natural gas prices would continue marching higher.

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Oil revival plan put forth by Ecuador’s president falters amid re-election effort

Oil & Gas 360º

(World Oil) – Ecuador President Daniel Noboas plan to revitalize the nations biggest oil field is crumbling as he scrambles to secure re-election weeks before a runoff vote. Since striking a deal last year to hand Ecuadors Sacha field to Sinopetrol, an obscure consortium of foreign oil companies, Noboa has faced mounting criticism over his handling of the deal.

Oil 130
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Azerbaijan and Georgia Seek EU Backing for Black Sea Power Line

OilPrice

Azerbaijan and Georgia are asking the European Commission to grant special status to a Black Sea power line project that would expedite construction of an undersea cable enabling EU member states to import electricity from Caspian Basin nations.

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U.S. crude oil inventories decrease by 5.7 million barrels

Oil & Gas 360º

Weekly Crude Oil Storage as of March 7, 2025 U.S. commercial crude oil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 5.7 million barrels from the previous week. At 435.2 million barrels, U.S. crude oil inventories are 5% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of March 7, 2025.

Crude Oil 130
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UK Arrests Container Ship Captain After Tanker Collision

OilPrice

The UK police have arrested the captain of a container ship that collided with a tanker carrying jet fuel in the North Sea earlier this week, on suspicion of gross negligence manslaughter in connection with the collision, according to an AP report. Unnamed sources told Reuters earlier in the week that no malicious activity was suspected in the accident, which set both vessels on fire.

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Demand, tariffs and production economics will drive reshoring revival

Enverus

CALGARY, Alberta (March 12, 2025) Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing a report that examines the impact of manufacturing load resulting from increased domestic manufacturing driven by demand, tariffs and production economics.

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Big Tech Backs Tripling of Global Nuclear Power Capacity by 2050

OilPrice

A group of large energy users, including technology giants Amazon, Google, and Meta, on Wednesday pledged their support to the goal of at least tripling global nuclear capacity by 2050. The tech firms were among the founding signatories of the pledge as a cross-industry group of eight large energy users teamed up for the first time to launch a cross-sector pledge to emphasize nuclear energys essential role in enhancing energy security, resiliency and providing continuous clean energy.

Energy 227
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AC vs DC-Coupled BESS: The Pros and Cons

Enverus

AC or DC coupling refers to the way in which solar panels are linked to the BESS (battery energy storage systems). Here we compare the pros and cons of each. Solar panels can be coupled or linked to a battery either through alternating current (AC) coupling or direct current (DC) coupling. AC current flows rapidly on electricity grids both forward and backward.

Energy 130
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TotalEnergies and RWE Agree One of the World’s Biggest Green Hydrogen Deals

OilPrice

Germanys biggest utility RWE will supply green hydrogen to Frances oil and gas supermajor TotalEnergies in a 15-year deal from 2030, in one of the largest such agreements globally. RWE to supply around 30,000 metric tons of green hydrogen annually to TotalEnergies from 2030 to 2044, the German utility giant said on Wednesday. The green hydrogen from RWE will be used in TotalEnergies Leuna refinery in Germany to reduce the plants carbon emissions.

Utilities 213
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Two Large-scale Overseas Battery Energy Storage Projects Purchase Agreement Have Been Signed

EnergyTrend

Two Large-scale Overseas Battery Energy Storage Projects Purchase Agreement Have Been Signed Accordingtoescn.com,theEgyptiangovernmentrecentlysignedaCapacityPurchaseAgreement(CPA)withDubai-basedrenewableenergydeveloperAMEAPowerforthedeployment.

Energy 130
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Freeport LNG Trains 2 & 3 Go Offline Yet Again, Quick Restart

Marcellus Drilling News

Up/down, up/down, up/down, up/down We cant count how many times the Freeport LNG export facility has come online to go offline again, with the cycle repeating (see our MANY stories about the uneven Freeport here). Its become kind of a joke. Except, its no joke. Freeport is (still, for now) the countrys second-largest LNG export. The post Freeport LNG Trains 2 & 3 Go Offline Yet Again, Quick Restart first appeared on Marcellus Drilling News.

IT 126
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2GWh Energy Storage Manufacturing Project and 1GWh Energy Storage Power Station Project Was Signed

EnergyTrend

2GWh Energy Storage Manufacturing Project and 1GWh Energy Storage Power Station Project Was Signed AccordingtoOfficialAccount@Chunengjianwen,onMarch5th,thePeople'sGovernmentofQingyangCity,GansuProvince,successfullysignedastrategiccooperationframewor.

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As Demand for Power Generation Grows, Energy Transfer is Leading the Way

Energy Transfer

No longer the realm of science fiction, artificial intelligence (AI) is transforming industries, advancing innovation, and redefining our everyday experiences. But while were dazzled by its seamless operation, most of us overlook whats behind AI that makes it all possible. That unsung hero is energy and lots of it. As data centers and power plants are grappling with rising electricity demand fueled by AI technologies, natural gas is emerging as the primary energy source of this digital revoluti